Originally posted at the Daily Stool
Today’s box score, 66 -11, Bulls win. There were 64 buy signals and 13 sell signals. 2 of the sell signals were inverse ETFs. This is follow through from last weekend’s screen when there were 155 buy signals. That was the driver, despite the hiccup of the past 3 days.
This is raw data. They are not recommendations. They represent charts that have triggered short term signals near key cyclical support or resistance levels. Pick through these and see if there are any that you like from your own charts. Feel free to post your charts here with comments.
These signals ideally have a time horizon of 1-4 weeks.
| Symbol | Buy | Sell | 500 | 200 | 125 | 50 |
| ADBE.O | 1 | 0 | 0 | 0 | 0 | 1 |
| PLAN.K | 1 | 0 | 1 | 0 | 0 | 0 |
| AM | 1 | 0 | 0 | 0 | 0 | 1 |
| AAPL.O | 1 | 0 | 0 | 1 | 0 | 0 |
| ARDX.O | 1 | 0 | 1 | 1 | 0 | 0 |
| HOME.K | 1 | 0 | 0 | 0 | 0 | 1 |
| TEAM.O | 1 | 0 | 0 | 1 | 0 | 0 |
| BZUN.O | 1 | 0 | 1 | 0 | 0 | 0 |
| BHC | 1 | 0 | 0 | 0 | 0 | 1 |
| BGFV.O | 1 | 0 | 0 | 0 | 0 | 1 |
| BLNK.O | 1 | 0 | 0 | 0 | 1 | 0 |
| CCJ | 1 | 0 | 0 | 0 | 0 | 1 |
| CVNA.K | 1 | 0 | 0 | 0 | 1 | 0 |
| CTXS.O | 1 | 0 | 0 | 0 | 0 | 1 |
| XLY | 1 | 0 | 0 | 0 | 0 | 1 |
| CREE.O | 1 | 0 | 0 | 0 | 1 | 0 |
| CRSP.O | 1 | 0 | 0 | 1 | 0 | 0 |
| EURN.K | 1 | 0 | 0 | 0 | 0 | 1 |
| AQUA.K | 1 | 0 | 0 | 0 | 0 | 1 |
| EXEL.O | 1 | 0 | 0 | 1 | 0 | 0 |
| FSR | 1 | 0 | 0 | 0 | 1 | 0 |
| FCEL.O | 1 | 0 | 0 | 0 | 1 | 0 |
| GLPI.O | 1 | 0 | 0 | 0 | 1 | 0 |
| HEXO.K | 1 | 0 | 1 | 0 | 0 | 0 |
| NTLA.O | 1 | 0 | 0 | 0 | 0 | 1 |
| ICE | 1 | 0 | 0 | 0 | 0 | 1 |
| INTU.O | 1 | 0 | 0 | 0 | 1 | 0 |
| IOVA.O | 1 | 0 | 1 | 0 | 0 | 0 |
| IRDM.O | 1 | 0 | 0 | 0 | 1 | 0 |
| SOXX.O | 1 | 0 | 0 | 0 | 0 | 1 |
| KWEB.K | 1 | 0 | 0 | 1 | 0 | 0 |
| LSCC.O | 1 | 0 | 0 | 0 | 1 | 0 |
| MMP | 1 | 0 | 0 | 0 | 1 | 0 |
| MRVL.O | 1 | 0 | 0 | 0 | 1 | 0 |
| MCHP.O | 1 | 0 | 0 | 0 | 0 | 1 |
| NEO.O | 1 | 0 | 0 | 1 | 0 | 0 |
| NTES.O | 1 | 0 | 0 | 0 | 1 | 0 |
| NFLX.O | 1 | 0 | 0 | 1 | 0 | 0 |
| NEE | 1 | 0 | 0 | 1 | 0 | 0 |
| NIO | 1 | 0 | 0 | 1 | 0 | 0 |
| NIU.O | 1 | 0 | 0 | 0 | 1 | 0 |
| NTNX.O | 1 | 0 | 1 | 0 | 0 | 0 |
| ON.O | 1 | 0 | 0 | 0 | 0 | 1 |
| PLNT.K | 1 | 0 | 0 | 0 | 1 | 0 |
| QLD | 1 | 0 | 0 | 0 | 1 | 0 |
| TQQQ.O | 1 | 0 | 0 | 0 | 1 | 0 |
| RIOT.O | 1 | 0 | 0 | 0 | 0 | 1 |
| SAND.K | 1 | 0 | 0 | 0 | 0 | 1 |
| SHOP.K | 1 | 0 | 0 | 1 | 0 | 0 |
| SONO.O | 1 | 0 | 0 | 0 | 0 | 1 |
| CWB | 1 | 0 | 0 | 0 | 1 | 0 |
| XBI | 1 | 0 | 0 | 1 | 0 | 0 |
| SPWR.O | 1 | 0 | 0 | 0 | 1 | 0 |
| TMUS.O | 1 | 0 | 0 | 0 | 0 | 1 |
| TAL | 1 | 0 | 1 | 0 | 0 | 0 |
| TGTX.O | 1 | 0 | 0 | 0 | 1 | 0 |
| TWST.O | 1 | 0 | 0 | 1 | 0 | 0 |
| SLCA.K | 1 | 0 | 0 | 0 | 0 | 1 |
| GDX | 1 | 0 | 1 | 0 | 0 | 0 |
| VRT | 1 | 0 | 0 | 0 | 1 | 0 |
| WW.O | 1 | 0 | 0 | 0 | 0 | 1 |
| XRX | 1 | 0 | 0 | 0 | 0 | 1 |
| YETI.K | 1 | 0 | 0 | 0 | 0 | 1 |
| YUMC.K | 1 | 0 | 0 | 0 | 1 | 0 |
| AZN.O | 0 | 1 | 0 | 0 | 0 | 1 |
| BDX | 0 | 1 | 0 | 0 | 1 | 0 |
| LABD.K | 0 | 1 | 0 | 0 | 1 | 0 |
| TECS.K | 0 | 1 | 0 | 0 | 0 | 1 |
| HDB | 0 | 1 | 0 | 0 | 0 | 1 |
| USIG.O | 0 | 1 | 1 | 0 | 0 | 0 |
| K | 0 | 1 | 1 | 1 | 0 | 0 |
| LW | 0 | 1 | 0 | 0 | 0 | 1 |
| MKC | 0 | 1 | 0 | 1 | 1 | 0 |
| PKI | 0 | 1 | 0 | 1 | 0 | 0 |
| PG | 0 | 1 | 0 | 1 | 0 | 0 |
| TJX | 0 | 1 | 0 | 0 | 1 | 0 |
| VZ | 0 | 1 | 0 | 1 | 0 | 0 |
| Totals | 64 | 13 |
Here’s a sample chart from today’s list. I chose this as an illustration because it was interesting. This is not a recommendation. It’s pretty clear what it needs to do to signal something worthwhile.
I initially screen 9000 NYSE and NADSACS issues for stocks that have been trading more than 1 million shares per day and are trading above $6. There are normally between 30 and 100 results, depending on where we are in the cycle. There are more signals at cyclical turning points and fewer as a move progresses. Monday looked like a significant turning point. Fool me once, shame on you, Mr. Market.
I use these screens to pick stocks for my ready list for my personal trading, and also for my weekly swing trade chart picks for Technical Trader subscribers.
I developed the algorithm to hunt for stocks that looked primed to have a good move, ideally over a period of 4 weeks. In practice they range from 1 week to 7 weeks. I consider the move finished when they break trend support, using the indicators from which the screen program is constructed.
From the screen output I visually review the charts. I make my picks from that review.
There are usually between 2 and 8 good looking setups every day. The numbers are bigger around intermediate term turning points.
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